Barclays Announces Appointment Of Geoffrey Belsher As Chairman And Country Chief Executive Officer For Canada, Effective Monday 16 October
Portfolio Pulse from Benzinga Newsdesk
Barclays has appointed Geoffrey Belsher as Chairman and Country Chief Executive Officer for Canada, effective from October 16. Belsher, who has over 25 years of investment banking experience, will be based in Toronto and report to Richard Haworth, CEO of the Americas, and Cathal Deasy and Taylor Wright, Global Co-Heads of Investment Banking. Belsher previously worked as Managing Director and Global Co-Head of Wholesale Banking for CIBC in Toronto from 2009 to 2015.
October 13, 2023 | 7:29 pm
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POSITIVE IMPACT
The appointment of Geoffrey Belsher as Chairman and Country CEO for Canada could strengthen Barclays' position in the region, given his extensive experience and client relationships.
Belsher's extensive experience and client relationships in the Canadian market could potentially strengthen Barclays' Corporate and Investment Bank platform in the region, which could have a positive impact on the bank's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The appointment of Geoffrey Belsher as Chairman and Country CEO for Barclays in Canada could potentially impact the iShares MSCI Canada ETF (EWC), given Barclays' significant presence in the Canadian market.
While the appointment of Geoffrey Belsher could potentially impact Barclays' operations in Canada, it's unclear how this might directly affect the iShares MSCI Canada ETF (EWC), which tracks the performance of the Canadian equity market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50